2016-11-15T07:52:13-06:00 2015-12-31 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2015-01-01 521104476 US NAVY MEMORIAL FOUNDATION USNA 2023800710 701 PENNSYLVANIA AVENUE NW No 123 WASHINGTON DC 20004 frank thorp IV President and CEO 2023800710 2016-11-11 1 Janice A Ratica P00358837 7043771678 2015 2017-02-10 21:41:12Z frank thorp iv 701 PENNSYLVANIA AVENUE NW No 123 WASHINGTON DC 20004 5813672 0 X www.navymemorial.org X 1977 IL The Navy Memorial Mission is to honor, recognize and celebrate the men and women of the sea services and the important contributions made by them while serving in the United States Navy, Marine Corps, Coast Guard and Merchant Marines. The Navy Memorial serves to educate and inspire the American people about the vital role that the Sea Services play in our national security and the rich maritime history of the United States. 31 30 51 36 111838 97839 5041574 4241526 543237 593559 71463 33888 15542 -5662 5671816 4863311 0 0 0 0 1308150 1433372 1354674 1293522 1983804 2835597 2423081 5498421 5149975 173395 -286664 3773597 3446457 1174584 1195646 2599013 2250811 X The Navy Memorial Mission is to honor, recognize and celebrate the men and women of the sea services and the important contributions made by them while serving in the United States Navy, Marine Corps, Coast Guard and Merchant Marines. The Navy Memorial serves to educate and inspire the American people about the vital role that the Sea Services play in our national security and the rich maritime history of the United States. 0 0 1618788 288829 naval heritage services - honors, recognizes, and celebrates america's enduring maritime heritage through commemorative ceremonies, reunion meetings, reenlistment and retirement ceremonies, band concerts, film and video presentations, photographic and data collections, special events, and exhibits. 307022 304730 educate the public about the heritage of the united states as a maritime nation and the contributions of men and women in the sea services through exhibits, film and video presentations, lectures, tours, publications, and events. 169409 the foundation hosts several fundraising events throughout the year to support its program activities. the events carried out during 2015 were the lone sailor awards dinner and golf tournament. additionally, the foundation has a robust direct mailing and charitable gift annuity venture. 203411 84198 Expenses of Auxiliary Enterprises - Sales of memorabilia to further educate the public regarding the role of the Navy and the contributions of those who have served the United States in the Navy, Marine Corps, Coast Guard, or Merchant Marine. 61597 Memorial Log - The Memorial Log honors the service of men and women who have served in the United States Navy, Marine Corps, Coast Guard, or Merchant Marine through the maintenance of a permanent register recording service information and service members' photographs. 265008 84198 2360227 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 51 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X Scott Matirne 2023800762 701 PENNSYLVANIA AVENUE NW no 123 WASHINGTON DC 20004 RADM John D Butler USN Ret Director 1.00 X 0 0 0 VADM Thomas Church Director 1.00 X 0 0 0 CDR Brian Cowan USN Ret Director 1.00 X 0 0 0 CAPT D Patrick Curry USN Ret Director 1.00 X 0 0 0 Mr Theodore L Dysart Director 1.00 X 0 0 0 Mr Frank Glassner Director 1.00 X 0 0 0 RADM Mark Heinrich USN SC Ret Director 1.00 X 0 0 0 MCPON James L Herdt USN Ret Director 1.00 X 0 0 0 Charles L Hopkins III Director 1.00 X 0 0 0 Mr Jeffery J Kibben Director 1.00 X 0 0 0 Mr Thomas R Kuhn Director 1.00 X 0 0 0 Dr J Phillip London Director 1.00 X 0 0 0 Mr Robert E Naser Director 1.00 X 0 0 0 Mr William M Newell Director 1.00 X 0 0 0 VADM Carol Pottenger USN Ret Director 1.00 X 0 0 0 Mr Roger Sexuaer Director 1.00 X 0 0 0 CAPT Joseph Spruill USN SC Ret Director 1.00 X 0 0 0 VADM Steve Stanley USN Ret Director 1.00 X 0 0 0 VADM Denby Starling USN Ret Director 1.00 X 0 0 0 Mr David P Storch Director 1.00 X 0 0 0 RADM William Thompson USN Ret Director 1.00 X 0 0 0 Mr Victor S Trione Director 1.00 X 0 0 0 Mr Derrick Wagler Director 1.00 X 0 0 0 RADM Edward K Walker Jr SC USN director 1.00 X 0 0 0 ADM John C Harvey Jr USN Ret Chairman 1.00 X X 0 0 0 Mr Richard C Vie Vice Chairman 1.00 X X 0 0 0 Ms Marti DeGraaf Chairman of Trustees 1.00 X X 0 0 0 Mr Jonathan T Mack Vice President 1.00 X X 0 0 0 Mr John B Burke Treasurer 1.00 X X 0 0 0 Mr John P Cosgrove Secretary 1.00 X X 0 0 0 vadm john B Totushek USN Ret President/CEO 40.00 X X 176000 0 1310 Marilyn Reid Pollow Vice president, finance 40.00 X 120234 0 4688 Cynthia McCalip Executive Vice President 40.00 X 126424 0 1367 422658 0 7365 3 0 1 0 Merkle Inc 7001 columbia gateway drive columbia MD 21046 direct mail services & consulting 1293522 Merkle Response Services Inc 100 jamison ct hagerstown MD 21740 caging services 120680 Hargrove Inc 1 hargrove drive lanham MD 20706 event & exhibit services 117385 3 3138 725868 3512520 572 4241526 navy ceremony 900099 304730 304730 navy heritage 900099 288829 288829 593559 38045 38045 3402 3402 443323 447480 -4157 -4157 -4157 67348 725868 417408 -350060 -350060 169671 85473 84198 84198 affinity program 900099 111838 111838 other income 900099 110123 110123 list rental 900099 34837 34837 256798 4863311 677757 111838 -167810 302232 163054 99676 39502 880131 474794 290298 115039 169467 91422 55895 22150 81542 43989 26895 10658 49940 49940 1293522 1293522 166807 27033 29354 110420 81966 17489 27666 36811 212697 106121 102845 3731 103502 21158 82344 983 983 1207417 1060440 102266 44711 5866 3433 1582 851 28230 28230 210186 181767 7979 20440 taxes 30259 30259 caging 97354 97354 exhibits 69189 69189 list rental expense 60456 60456 98229 69096 11548 17585 5149975 2360227 805944 1983804 1095052 31722 6376 1056954 46886 111637 529286 756183 871451 452084 70033 115475 100151 123835 83931 95120 10544166 9824026 828989 720140 1153666 978490 11704 10911 77500 82582 3773597 3446457 571199 575316 107644 164620 291400 495741 164310 1174584 1195646 X 143282 -140199 2264896 2200175 190835 190835 2599013 2250811 3773597 3446457 -286664 -61538 0 X 0 1 X 1 0 X 4460839 4219182 6144066 5041574 4241526 24107187 4460839 4219182 6144066 5041574 4241526 24107187 94332 24012855 292702 30178 59947 66523 41447 490797 65725 57058 45038 93896 97839 359556 34218 75931 82417 69141 144960 406667 25364207 2849065 0.94670 0.94270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32952 X 0 192719 192719 192719 192719 210941 1782 20004 192719 203042 13810 5911 210941 201506 -1536 203042 0.00000 0.99000 0.01000 0 0 6145497 6103836 41661 2406170 2376473 29697 1992499 1343717 648782 720140 deferred rent 164310 164310 X 5304654 -61538 -61538 5366192 -502881 -502881 4863311 5652856 502881 502881 5149975 0 5149975 Part III, Line 4: The art collection consists of oil paintings of the eight US Presidents who either served in the US Navy or were secretaries of the Navy. The Foundation's exempt purpose is to educate the Public about maritime heritage. These paintings show men who were a part of that maritime heritage. Part V, Line 4: The Foundation's endowment funds were established for the purpose of securing the Foundation's Long-term financial viability and continuing to meet the needs of the Foundation. Part X, Line 2: The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation is not considered a private foundation. The Foundation is required to pay federal and state income taxes only on unrelated business income. Management has concluded that the Foundation has maintained its tax exempt status and that there are no significant uncertain tax positions as of December 31, 2015. Part XI, Line 4b - Other Adjustments: Fundraising expenses netted with revenues -417,408. cost of good sold netted with revenues -85,473. Part XII, Line 2d - Other Adjustments: Fundraising expenses netted with revenues 417,408. cost of good sold netted with revenues 85,473. X X X X X 1 merkle inc 7001 columbia gateway drive columbia MD 21046 direct mail processing 0 2734086 1293522 1440564 2734086 1293522 1440564 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV golf tournament 130500 87052 43448 13318 7000 23155 23743 lone sailor dinner 662716 638816 23900 15644 26500 66370 241678 793216 725868 67348 28962 33500 89525 265421 417408 -350060 X X X X X 0 0 0 0 0 0 0 1 0 vadm john B Totushek USN Ret President/CEO 160000 0 16000 0 0 0 0 0 1310 0 177310 0 0 0 Part I, Line 7 The President received a bonus during the year. This comes as a recommendation from the compensation committee and is approved by the executive committee of the board. Form 990, Part VI, Section A, line 2 Jonathan Mack and Marti Degraaf, both directors for the foundation, have a family relationship. Form 990, Part VI, Section B, line 11 Prior to filing the Form 990 with the Internal Revenue Service, each member of the finance committee is given a copy for their review. The governing body has three days to review and submit any questions it may have. All questions are collectively answered electronically prior to submission of the 990. Form 990, Part VI, Section B, line 12c Annually, at the Spring Meeting, the Board and Senior Staff complete the Conflict of Interest Statement. It is emailed or faxed to those not attending the meeting. When returned, the statements are reviewed by Senior Management. Senior Management is usually aware of the conflict prior to adding the person to the board or to the staff. Between Spring Board Meetings, the Chairman advises the Directors and Senior Staff that they are to update the conflict of interest statements in the event of a possible conflict of interest. in the event of a conflict of interest, the interested person may make a presentation at the meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Form 990, Part VI, Section B, line 15 THE COMPENSATION PROCESS AT THE UNITED STATES NAVY MEMORIAL FOUNDATION IS DESIGNED TO PROVIDE COMPENSATION THAT IS AT THE MEDIAN LEVEL OF FOUNDATIONS AND ASSOCIATIONS IN THE NATIONAL CAPITAL REGION. THE COMPENSATION COMMITTEE CONSULTED A COMPENSATION EXPERT EXPERIENCED AND KNOWLEDGEABLE CONCERNING THE SURVEYS THAT ARE DONE TO ESTABLISH COMPENSATION AND THE COMPENSATION ENVIRONMENT IN THIS REGION . THE LEADERSHIP TEAM AT THE UNITED STATES NAVY MEMORIAL FOUNDATION, CONSISTING OF THE PRESIDENT, THE EXECUTIVE VICE PRESIDENT, AND ONE VICE PRESIDENT, MEET ANNUALLY TO REVIEW THE POSITION DESCRIPTIONS AND THE LEVEL OF WORK TO ENSURE THAT THE INDIVIDUALS IN THE FOUNDATION ARE EFFECTIVELY BEING COMPARED TO THEIR PEERS IN OTHER ORGANIZATIONS. DURING THE COMPENSATION REVIEW PROCESS, THE WORK PERFORMANCE OF ALL EMPLOYEES ARE REVIEWED, AND A DETERMINATION IS MADE REGARDING ANY INCREASES IN SALARY. ADDITIONALLY, A DECISION IS MADE ABOUT WHETHER ANY RAISE IS POSSIBLE BASED ON THE FOUNDATION'S FINANCIAL CONDITION. ANNUALLY, EMPLOYEES ARE REVIEWED ON THE BASIS OF PERFORMANCE. THE PERFORMANCE REVIEW DOCUMENT IS WRITTEN FOR EACH INDIVIDUAL EVALUATING THEIR PERFORMANCE AGAINST THE GOALS THAT ARE ESTABLISHED FOR THE YEAR. THE COMPENSATION COMMITTEE ALSO REVIEWS THE AGGREGATE SALARY STRUCTURE FOR THE REMAINDER OF THE EMPLOYEES TO ENSURE THAT THE AGGREGATE COMPENSATION APPEARS FAIR AND REASONABLE. THE COMPENSATION FOR THE PRESIDENT IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE TOTAL COMPENSATION POOL FOR STAFF IS ALSO REVIEWED ANNUALLY BY THIS COMMITTEE. THE PRESIDENT'S MOST RECENT COMPENSATION REVIEW WAS HELD IN DECEMBER 2015. Form 990, Part VI, Section C, line 19 the foundation's governing documents and conflict of interest policy are not made available to the public, however the financial statements will be provided upon request.